Shiba Inu (SHIB): It's Long-Term Now, Fundamental Shift
Main Idea
Shiba Inu (SHIB) is experiencing a fundamental shift with 80% of its supply held by long-term investors, reducing market volatility and speculative trading.
Key Points
1. SHIB is currently trading around $0.0000126, near the 50-day moving average, with potential to drop to $0.000011 if bulls do not intervene.
2. Nearly 80% of SHIB is held by long-term investors (wallets holding for over a year), reducing market volatility and speculative interest.
3. The high percentage of dormant supply makes SHIB less prone to sudden price movements, indicating a shift toward stability.
4. The article suggests that the days of extreme daily price spikes (e.g., 100% gains) may be over for SHIB due to this long-term holding trend.
Description
Shiba Inu in transitional state as 80% of holders are holding to it for more than a year
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